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Oct 27, 2025 8:01 PM

Alphabet Stock Is Hitting Fresh Highs: What's Driving The Momentum?

Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) shares are trading higher on Monday after multiple analysts raised price targets on the stock.

GOOG shares are testing new highs. Review the technical setup here.

What Happened: Raymond James analyst Josh Beck reiterated an Outperform rating and raised the price target to $275 from $210. JPMorgan analyst Brent Thill also maintained an Overweight rating while increasing the price target to $300 from $260 on Monday.

The analyst updates follow Anthropic’s announcement of a deal with Google Cloud worth “tens of billions” of dollars expected to bring more than a gigawatt of capacity online next year. Anthropic said it will use a lot more Google technology through the partnership, ...